Awards for Excellence 2008: Ghana

Ghana Commercial Bank is the largest local bank in the country. It was set up in 1953 to help local entrepreneurs and now has nearly 140 branches throughout the country. Despite strong competition from Nigerian entrants to the market, as well as more traditional rivals such as Barclays and Standard Chartered – last year’s winner – the GCB has posted impressive figures, making a net profit of C25 million ($22.9 million) for the year ending 2007, while shareholder funds have increased to C167 million.